Common use of Unenforceability of Obligations Clause in Contracts

Unenforceability of Obligations. The obligations of each Guarantor under this Guaranty shall not be subject to any reduction, limitation, impairment or termination for any reason (other than by indefeasible payment and performance in full of the Guaranteed Obligations and termination of all Commitments under the Credit Agreement, expiration or termination of all Interest Rate Protection Agreements with an Interest Rate Guaranteed Party, and except as limited in Section 1(d) of this Guaranty) and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of any of the Guaranteed Obligations, discharge of the Borrower or any other Person from any of the Guaranteed Obligations in a bankruptcy or similar proceeding or otherwise (other than by indefeasible payment and performance in full of the Guaranteed Obligations and termination of all Commitments under the Credit Agreement, expiration or termination of all Interest Rate Protection Agreements with an Interest Rate Guaranteed Party, and except as limited in Section 1(d) of this Guaranty).